At 06:30 (GMT+2), the Reserve Bank of Australia will announce its interest rate decision; an increase is expected from the current 0.35% to 0.60%. In April, the National Bureau of Statistics recorded the highest quarterly and annual inflation since introducing the Goods and Services Tax in 2000, reaching 2.1% and 5.1%, respectively. The accompanying statement may contain an assessment of the country's financial authorities regarding the current state of the economy against the backdrop of global geopolitical tensions and the ongoing military conflict on the territory of Ukraine, which has already caused problems in the supply of goods and caused a significant jump in energy prices.
